Lotus Group International Ltd Financial Results

Year one of the new Group Lotus business plan
yields positive results

Despite the challenging economic situation,
Lotus is pleased to announce some positive
results for year one of the five year business
plan. Revenue for the financial year ended 31
March 2011 is up 7.6 per cent on the back of
sales of 2,675 cars and increased Lotus
Engineering and Lotus Lightweight Structures’
revenue, which is up by 30 per cent. Overall,
the financial performance for the past financial
year was inline with the projections in Group
Lotus’ five year business plan.

Group Lotus Chief Executive Officer Dany Bahar
said: “We continue to tick all the boxes, we
have met every financial target that has been
set and we are on track with all our major
benchmarks. People love to focus on the
controversy but we believe that the figures
speak for themselves - our plan is working and
this is just the beginning.”

Dato' Sri Syed Zainal Abidin B. Syed Mohamed
Tahir, Managing Director of Proton, Group Lotus
shareholder, said: “Naturally we are very
pleased with the results and the overall
performance of Group Lotus, the current
management structure is proving highly effective.
Our relationship with Lotus continues to go from
strength to strength and we are very optimistic
about our long term future together. The recent
announcement of our plan to work together on the
global small car are a clear indication of the
mutual benefits of our partnership.”